Neil Young has sold a 50 percent stake in his global publishing and “income interests” for his 1,180 songs to music conglomerate Hipgnosis Songs Fund Limited, according to Rolling Stone. The news comes a day after it was reported that former-Fleetwood Mac leader Lindsey Buckingham had sold a 100 percent stake of his catalogue to Hipgnosis. No specifics were given regarding the financial aspects of the deal.
Merck Mercuriadis, founder of Hipgnosis, said in a statement, “I bought my first Neil Young album aged seven. Harvest was my companion and I know every note, every word, every pause and silence intimately. Neil Young, or at least his music, has been my friend and constant ever since. . . I built Hipgnosis to be a company Neil would want to be a part of. We have a common integrity, ethos and passion born out of a belief in music and these important songs. There will never be a ‘Burger Of Gold’ but we will work together to make sure everyone gets to hear them on Neil’s terms.”
- A fan tweeted the news of Neil Young cashing out his publishing to David Crosby and asked him what he thought about it. “Croz” — who was forced to sell off some of his publishing in the wake of the pandemic — responded, “would assume its roughly the same as me ….he’s bigger ..but we both can’t work …and we both have responsibilities we take seriously…families”
CHECK IT OUT: Neil Young on September 19th, 2000 performing “Words” live at Red Rocks: